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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: B Tate who wrote (1430)	1/23/1998 8:34:00 AM
From: tom	Respond to of 9980

I'd be very interested to hear your views on the Taiwanese electronics industry especially with respect to the listed companies (Mitac, Compal, TSMC, Siliconware etc). Any info appreciated.

To: B Tate who wrote (1430)	1/23/1998 8:47:00 AM
From: Mohan Marette	Respond to of 9980

S.E.Asia to recover before 2000. Bernie and thread: Here is Camdessus on Asia,in case y'all haven't seen it yet. 23 January 1998 IMF chief sees Asia recovery before 2000ÿ Fredrik Dahl ÿ ---------------------------------------------------------------------- BRUSSELS, January 22: The head of the International Monetary Fund said on Wednesday that Hong Kong and China looked able to escape the worst of Asia's financial crisis while their neighbours could overcome their troubles by 2000. IMF managing director Michel Camdessus said Southeast Asian economies should even emerge stronger than before the turbulence as they would have addressed their most serious structural problems. ''A crisis which is first of all a major threat and a danger can become an opportunity for changing things so that the country emerges in a better state than before the crisis," Camdessus told the European Parliament's development committee. Camdessus expressed confidence that both Hong Kong and China would succeed in resisting the financial turmoil that has swept the region. He said he expected Asian currencies, which have plunged in value over the last six months, to recover from their lows to ensure that future growth was not purely driven by exports. Asked specifically about Indonesia's rupiah, which continued to fall on Wednesday and has lost almost 80 per cent against the US dollar since last July, was sharply undervalued and should strengthen. But this would take time, he cautioned. The Indonesian currency has nose-dived despite last week's agreement with the IMF for sweeping economic reforms in return for a $43 billion bail-out package. But, Camdessus said, "I think that over time the Indonesian programme should lead to a strengthening of the rupiah as well as a strengthening of the economy in general." Turning to China, Camdessus said he had been reassured during recent talks with Chinese officials that Beijing would not go down the path of competitive devaluation. ''The Chinese are absolutely determined to resist that temptation."On the problems of the region's biggest economy, Japan, Camdessus said he had been reassured by talks with prime minister Ryutaro Hashimoto that the country would announce steps to tackle its banking crisis very soon. "(These measures) shouldput an end to the Japanese banking crisis and should make it possible for all these countries to get out of this crisis in a year or two years or three years, in any case by the end of the century." Camdessus said he felt that Hong Kong, which has so far succeeded in fighting off currency speculators, was conducting the right economic policy and would survive the crisis. He predicted it would remain a ''pillar of stability'' in Asia. ''Like Singapore, Hong Kong has been able to set up a banking system of irreproachable solidity." He said Hong Kong's banking system had suffered because of debt to other Asian countries and the recession in its property sector.

To: B Tate who wrote (1430)	1/23/1998 10:12:00 AM
From: George Papadopoulos	Read Replies (2) \| Respond to of 9980

"As another aside he told me the good Dr. had a net loss of 13B Ringitt in the market slide in the last six months. No wonder the 'kids' are so distraught." Which Dr. are you referring to? Mobius? Thanks George

To: B Tate who wrote (1430)	1/23/1998 10:41:00 AM
From: yard_man	Respond to of 9980

Please expound a few of the reasons, B. E-mail me if you think it would bore the thread. I'm interested.

To: B Tate who wrote (1430)	1/23/1998 11:49:00 AM
From: Worswick	Respond to of 9980

The good doctor has lost 13 billion ringitt? What? He has lost US $ 2.88 billion in the market slide? @ 4.50 R to 1US$ I guess for the past few years the good doctor has been very frugal with his pension plan.

To: B Tate who wrote (1430)	1/23/1998 5:03:00 PM
From: Stitch	Respond to of 9980

Bernie, <<He was ADAMANT - do NO investing for the next 3 months minimum. Lots of reasons to lengthy to go into here, but all were logical considering the political environment. He is sitting on a "large cash position" and waiting for a specific day to 'play' it to 4 fold. He never batted an eye when telling me that he will let me know the day.>> That sort of fits what tom has been saying, that it is still too early and I tend to agree. Bernie, email me when you get back. I would like to connect with you. I need a good broker lead. I am not too comfortable with the guy the bank referred me to. Stay out of those barber shops over there. <G> Best, Stitch